The value of traded contracts in real estate sector during 2015 stood at RO 5,217,755,000 in 2015 compared to RO 2,925,835,760 in 2014; a growth by 78%.
Category: Real Estate
Total traded value of real estate in the Sultanate this year stood in excess of OMR 3.81 billion at the end of November 2015, reflecting a growth of 43.2 per cent, against OMR 2.66 billion recorded in the same period in 2014, according to data released by the National Centre for Statistics and Information (NCSI).
A snapshot of opinion from the GCC’s construction sector – the majority of which are companies involved in larger projects with a value of over AED 100 million – has shown a dramatic drop in optimism over the last year.
Total traded value of real estate activity in the Sultanate reached OMR3,420.1 million by the end of October, reflecting a 40.7 per cent rise, compared with the same period in 2014, data from the National Centre for Statistics and Information (NCSI) revealed.
Most real estate properties last decades; therefore developers and investors must take a long term view of sustaining the quality of properties. In Muscat, there are landmark properties, which are popular even today, although they are more than 30 years old.
Taminat Complex is a modern mixed-use development coming to the market in 2016, providing high-quality residential apartments and offices. All apartments are finished with fully fitted kitchens and built in appliances and there will be the option of 1, 2 or 3 bedrooms.
Total value of real estate activity in the Sultanate surged ahead by 42 per cent to touch OMR3.22 billion for the first nine months of 2015, compared to the same period last year, the statistics released by the National Centre for Statistics and Information (NCSI) shows.